Losses for Maryland casinos
Maryland casinos are struggling to cover losses of the COVID-19 lockdown. The state’s venues are open to the public again, but according to the Maryland Lottery & Gaming regulatory agency, revenues in June were only $34.9m compared to $142.9m the previous year.
The state obtained only $14.6m from June’s gaming revenues as well.
All of Maryland’s casino operators were forced to halt operations in mid-March as part of the initiative to stop the spread of the virus.
Three smaller casinos, Ocean Downs, Hollywood Perryville and Rocky Gap, resumed work mid-June, while larger venues MGM’s National Harbor, Live! Casino & Hotel and Horseshoe Baltimore opened at the end of June. The casinos are currently operating at 50% capacity.
Live! Casino had the highest revenue with $15.85m, National Harbor brought in $8m and Hollywood Perryville earned $3.45m. The other three remaining casinos didn’t reach the $3m mark each.
The drop can also be attributed to casinos operating for only half the month. June was the last month of the state’s fiscal year and casino revenue for the period stands at $1.28bn, $480.4m less than fiscal year 2019.
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